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As Bank New York Mellon Corp Com (BK) Share Value Declined, Stralem & Co INC Has Increased by $6.99 Million Its Holding

The Bank of New York Mellon Corporation (NYSE:BK) LogoInvestors sentiment increased to 0.93 in 2018 Q2. Its up 0.06, from 0.87 in 2018Q1. It increased, as 42 investors sold BK shares while 327 reduced holdings. 83 funds opened positions while 259 raised stakes. 816.46 million shares or 0.53% more from 812.17 million shares in 2018Q1 were reported. Cibc Asset Management has invested 0.03% in The Bank of New York Mellon Corporation (NYSE:BK). Lmr Prtn Ltd Liability Partnership holds 4,202 shares or 0.01% of its portfolio. Dubuque Bankshares Trust Co holds 0% or 41 shares in its portfolio. Gradient Investments Limited Liability has invested 0% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Cambridge Communication owns 8,080 shares. Aperio Gru Limited Liability Corp, a California-based fund reported 581,714 shares. Nelson Van Denburg Campbell Wealth Mgmt Group Limited Liability holds 0% or 175 shares. Moreover, Veritable LP has 0.05% invested in The Bank of New York Mellon Corporation (NYSE:BK). Wells Fargo & Mn has invested 0.04% in The Bank of New York Mellon Corporation (NYSE:BK). Montrusco Bolton has 1.71% invested in The Bank of New York Mellon Corporation (NYSE:BK). Two Sigma Secs Ltd holds 37,008 shares. Fcg Advsr Ltd Com, a New Jersey-based fund reported 5,096 shares. Berkshire Asset Mngmt Ltd Liability Com Pa has invested 0.04% in The Bank of New York Mellon Corporation (NYSE:BK). Cs Mckee Lp holds 1.76% or 386,318 shares. 4,400 are owned by Salem Cap Mngmt.

Stralem & Co Inc increased its stake in Bank New York Mellon Corp Com (BK) by 992.26% based on its latest 2018Q2 regulatory filing with the SEC. Stralem & Co Inc bought 131,970 shares as the company’s stock declined 9.26% while stock markets rallied. The institutional investor held 145,270 shares of the major banks company at the end of 2018Q2, valued at $7.83M, up from 13,300 at the end of the previous reported quarter. Stralem & Co Inc who had been investing in Bank New York Mellon Corp Com for a number of months, seems to be bullish on the $47.96B market cap company. The stock decreased 1.08% or $0.53 during the last trading session, reaching $48.5. About 4.47 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 0.04% since November 10, 2017 and is uptrending. It has underperformed by 15.58% the S&P500.

Stralem & Co Inc, which manages about $2.29 billion and $338.87 million US Long portfolio, decreased its stake in Eog Res Inc Com (NYSE:EOG) by 36,460 shares to 70,520 shares, valued at $8.78 million in 2018Q2, according to the filing. It also reduced its holding in Abbott Labs Com (NYSE:ABT) by 81,400 shares in the quarter, leaving it with 151,385 shares, and cut its stake in Duke Energy Corp New Com New (NYSE:DUK).

More recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Seekingalpha.com which released: “Bank of New York Mellon Corp Deposit Shs Repr 1/4000 5.2 % Non Cum Pfd Shs Series C declares $0.3250 dividend” on October 18, 2018. Also Gurufocus.com published the news titled: “Jeff Auxier’s Auxier Asset Management 3rd Quarter Commentary” on November 08, 2018. Seekingalpha.com‘s news article titled: “The Bank of New York Mellon Corporation (BK) CEO Charlie Scharf on Q3 2018 Results – Earnings Call Transcript” with publication date: October 18, 2018 was also an interesting one.

The Bank of New York Mellon Corporation (NYSE:BK) Ratings Coverage

Among 3 analysts covering Bank of New York Mellon (NYSE:BK), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Bank of New York Mellon has $61 highest and $49 lowest target. $56.67’s average target is 16.85% above currents $48.5 stock price. Bank of New York Mellon had 3 analyst reports since September 27, 2018 according to SRatingsIntel. The firm has “Underperform” rating given on Friday, October 19 by Wood. On Thursday, September 27 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Buy” rating by Citigroup given on Friday, October 19.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Positions Chart

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